UK private equity firm Candover Partners has recorded a €175m ($257m) loss on a portfolio company, a blow which follows a reprieve in talks about the future of its €3bn fund yesterday.

The firm lost a €175m investment in European laboratory company Alcontrol yesterday, which has been taken over by US private equity firm Blackstone Group's debt arm GSO Capital Partners, according to a Candover spokeswoman.

Candover loses €175m Alcontrol investment

Toby Lewis

Blackstone Group

Candover

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